Borrowing Big

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Ten years ago, borrowing 95 per cent of a property’s value was easy and in some cases it was possible to borrow even more than the sale price, but since the credit crunch – and a raft of regulations surrounding borrowing – that has been much harder. However, according to Moneyfacts, the financial information provider, the number of 95 per cent mortgages on the market now exceeds 300 and, over a couple of months, 37 new products were launched for borrowers with small deposits. The interest rates are higher than for those with more cash to put down, but they do at least give anyone struggling to raise a big deposit the chance to make their first move.


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